Ask about Sierra Protocol
Logo of Sierra ProtocolSierra Protocol(SIERRA)
Total Value Locked$41.35m

TVL by Chain

Avalanche$41.35m

Key Metrics

Fees (Annualized)$574,591.25
Fees 30d$128,231

Avalanche$128,231

Fees 7d$31,467

Avalanche$31,467

Fees 24h$3,229

Avalanche$3,229

Cumulative Fees$448,734

Avalanche$472,123

Revenue (30d Run Rate)$0
Revenue 30d$0

Avalanche$0

Revenue 7d$0

Avalanche$0

Revenue 24h$0

Avalanche$0

Cumulative Revenue$0

Avalanche$0

Market Cap$73.91m

$SIERRA Price$1.03

All Time High$1.2

All Time Low$0.88

View $SIERRA token page

$73.91m

$SIERRA Volume 24h$246.03

CEX Volume$0

DEX Volume$323.65(131.55% of total)

Protocol Information

The Sierra Protocol reimagines money by issuing SIERRA, a Liquid Yield Token (LYT) built to deliver the best user experience across CeFi and DeFi

Category:Yield

Audits:

WebsiteTwitter

Methodology

TVL: TVL includes the USDC held in the reserve wallets and assets staked in OpenTrade vaults backing SIERRA tokens.View code on GitHubFees: Total yield distributed to SIERRA holders, measured as total supply × change in exchange rate.View code on GitHubRevenue: Sierra Protocol does not currently retain any protocol revenue, all yield passes through to holders.View code on GitHub

Competitors

Pendle ($1.195b)Spark Savings ($1.136b)Stake DAO ($111.94m)Multipli.fi ($55.36m)Spectra V2 ($31.75m)Royco V2 ($18.58m)TermFinance Vaults ($11.75m)Aura ($9.04m)WOOFi Earn ($2.19m)Sushi BentoBox ($2.13m)

Frequently Asked Questions

What is Sierra Protocol?

The Sierra Protocol reimagines money by issuing SIERRA, a Liquid Yield Token (LYT) built to deliver the best user experience across CeFi and DeFi

What is Sierra Protocol's TVL?

Sierra Protocol currently has $41.35m in total value locked. TVL has increased 3.3% over the past 30 days.

What chains does Sierra Protocol operate on?

Sierra Protocol operates on Avalanche. Avalanche holds the largest share at 100%.

How much has Sierra Protocol generated in fees and revenue?

Over the past 30 days, Sierra Protocol generated $128,231 in fees. Of that, $0 was protocol revenue. Based on the trailing year, the annualized rate is $574,591.25 in fees.

What is the SIERRA token price and valuation?

SIERRA is currently trading at $1.03. Its circulating market capitalization is $73.91m, ranking it #431. Its fully diluted valuation is $73.91m. Supply currently stands at 71.81m circulating, 71.81m total supply.

How has SIERRA performed recently?

SIERRA is up 0.2% over the past 7 days and up 0.6% over the past 30 days. Its all-time high is $1.2, reached on Nov 13, 2025. The token is currently 14.3% below that level.

How does Sierra Protocol's TVL compare to similar protocols?

Among Yield protocols tracked by DefiLlama, Sierra Protocol ranks #16 by TVL. The category holds $4.375b across 554 protocols, and Sierra Protocol accounts for 0.9% of that total. Other leading protocols include Pendle, Spark, and Convex Finance.